Fortissimo

Four years after its 200 million shekel acquisition by Liquid Intelligent Technologies, veteran Israeli telecom firm Telrad has shrunk from over 1,000 local employees to roughly 70, following a series of subsidiary sell-offs and strategic restructuring.

Fortissimo Capital has filed a lawsuit in the Tel Aviv District Court to cancel a 10.5 million shekel stock deal with businessman Ronen Elad, citing fundamental contract breaches.